Russia's diesel surplus is lower this year but remains sufficient to meet domestic demand and support exports, Russian Deputy Prime Minister Alexander Novak said Friday.
Speaking at Russian Energy Week, Novak said: "Russia's diesel production capacity is about twice its domestic demand. Despite maintenance at some facilities, supplies remain sufficient for home markets and overseas shipments."
On diesel exports to the United States, he said Washington's eased sanctions on Russian diesel trade had removed export hurdles, adding that issues over freight, insurance and deliveries would be sorted out.
Russian President Vladimir Putin held a telephone conversation with U.S. President Donald Trump on Sept 9, where they reached consensus on Russia's oil and petroleum product supply to U.S. and global markets.
A day after, the Russian government announced that part of the diesel export ban has been lifted, allowing 500,000 tons of diesel to be exported to the global market.
Russian diesel supply sufficient for domestic demand, exports: deputy PM
